When someone passes away, there are a number of details that must be tended to and resolved. This includes locating heirs, paying taxes, settling debts and distributing assets. These tasks are handled by a fiduciary, or someone who has an obligation to act in the best interests of the decedent.
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If you have a car, it is imperative that you frequently take it in to get the oil changed and to perform routine maintenance. If you don't do this, your car will eventually break down, and it could leave you stranded in a very difficult position. Along the same lines, your will needs to be updated and maintained on a frequent basis. Just like the car, if your will isn't properly maintained, it will fail you when it needs to be implemented.
A recent report indicates that these days, small business owners are more optimistic than they have been in quite some time.
Wills get contested for many reasons. One is that the deceased lacked the capacity to make the will, and another reason is allegations of forgery. A third scenario, one that is somewhat common, is undue influence.